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Ares Capital - ARCC Stock Forecast, Price & News

$17.72
-0.11 (-0.62%)
(As of 03/28/2023 01:46 PM ET)
Add
Compare
Today's Range
$17.71
$17.84
50-Day Range
$17.19
$20.04
52-Week Range
$16.53
$22.65
Volume
1.18 million shs
Average Volume
3.53 million shs
Market Capitalization
$9.65 billion
P/E Ratio
14.77
Dividend Yield
10.84%
Price Target
$20.71

Ares Capital MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
16.5% Upside
$20.71 Price Target
Short Interest
Bearish
3.54% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.64mentions of Ares Capital in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-2.97%
From $2.36 to $2.29 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.01 out of 5 stars

Finance Sector

709th out of 891 stocks

Investors, Not Elsewhere Classified Industry

5th out of 15 stocks


ARCC stock logo

About Ares Capital (NASDAQ:ARCC) Stock

Ares Capital Corporation is a specialty finance provider offering small and mid-sized businesses customized financing solutions. Ares Capital Management LLC, a subsidiary of Ares Management Corporation, manages the company. ARCC specializes in acquisition, mezzanine debt, recapitalization, restructuring and leveraged buyout transactions. Ares Commercial Finance provides asset-based cash flow solutions to small and mid-market companies.

ARCC’s investment activities focus on industries such as software, health care services, commercial and professional services, diversified financials, etc. The company offers a range of debt instruments, from senior debt instruments to equity capital, focusing on senior secured debt and debt investments ranging from $10 million to $100 million. ARCC invests through revolvers, first-lien loans, second-lien loans, unitranche (flexible business debt) structures, warrants, mezzanine debt, private high yield, subordinated debt, junior capital and non-control preferred and common equity. The company’s commitment and hold range is $30 to $500 million, and the EBITDA range is $10 to $250 million for corporate customers.

ARCC seeks to generate current income and capital appreciation through debt and equity investments and works to maximize risk-adjusted returns throughout economic cycles. ARCC’s investment committee has over 28 years of relevant experience. It invests across various industries targeting leading companies with a history of stable demonstrated competitive advantages, cash flows, identifiable growth prospects and experienced management teams.

Benefits to portfolio companies, investors and financial sponsors include dedicated and experienced professionals, access to relationships and market intelligence, deal flow, research, infrastructure, due diligence and experience with the broader Ares Management Corporation platform. Shareholder returns come from net interest and dividends from fee income, investments, and in some cases, net capital gains from equity investments. ARCC’s long-term and short-term strategies focus on maximizing relative value through economic cycles and a multi-asset class track record and experience, disciplined growth concentrated on long-term value creation, capital preservation and a long-term patient investor with permanent capital.

On January 12, 2023, Ares Capital Corporation revealed its intention to make a public offering of 9 million shares of common stock with the possibility of an additional 1.35 million shares. This offering increased from their previous offering size of nine million shares and allowed the underwriters to purchase an additional 1.5 million shares. The necessary registration statement was filed with the Securities and Exchange Commission on June 3, 2021, and became effective on the day of filing. Morgan Stanley & Co. LLC, BofA Securities, UBS Investment Bank, RBC Capital Markets, LLC and Wells Fargo Securities were joint lead book-running managers.

The proceeds from the offering will repay outstanding debt from its debt facilities. Ares Capital may also use the money for general corporate purposes, such as investing in portfolio companies following its investment objective. As of December 31, 2022, Ares Capital is regulated as a business development company (BDC) and is the largest publicly traded BDC by market capitalization.

With its experienced investment committee, diverse industry investments and potential for long-term capital appreciation, ARCC is a unique finance provider in the specialty finance market.

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ARCC Stock News Headlines

Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Analysts Set Ares Capital Co. (NASDAQ:ARCC) PT at $20.71
Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
Ares Capital Blew Out Earnings
RBC Capital Keeps Their Buy Rating on Ares Capital (ARCC)
See More Headlines
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ARCC Company Calendar

Last Earnings
10/25/2021
Ex-Dividend for 12/29 Dividend
12/14/2022
Dividend Payable
12/29/2022
Ex-Dividend for 3/31 Dividend
3/14/2023
Today
3/28/2023
Dividend Payable
3/31/2023
Next Earnings (Estimated)
4/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Investors, not elsewhere classified
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
Current Symbol
NASDAQ:ARCC
CUSIP
04010L10
Employees
N/A
Year Founded
2004

Price Target and Rating

Average Stock Price Forecast
$20.71
High Stock Price Forecast
$23.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
+16.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
$600 million
Pretax Margin
54.72%

Debt

Sales & Book Value

Annual Sales
$2.10 billion
Cash Flow
$2.15 per share
Book Value
$18.80 per share

Miscellaneous

Free Float
541,368,000
Market Cap
$9.71 billion
Optionable
Optionable
Beta
1.01

Key Executives

  • Michael J. AroughetiMichael J. Arougheti
    Co-Chairman & Executive Vice President
  • Kipp deVeerKipp deVeer
    Chief Executive Officer & Director
  • Mitch Goldstein
    Co-President
  • Kort Schnabel
    Co-President
  • Penni Roll
    Chief Financial Officer













ARCC Stock - Frequently Asked Questions

Should I buy or sell Ares Capital stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ares Capital in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ARCC shares.
View ARCC analyst ratings
or view top-rated stocks.

What is Ares Capital's stock price forecast for 2023?

7 Wall Street analysts have issued 12 month target prices for Ares Capital's stock. Their ARCC share price forecasts range from $19.00 to $23.00. On average, they expect the company's share price to reach $20.71 in the next year. This suggests a possible upside of 16.2% from the stock's current price.
View analysts price targets for ARCC
or view top-rated stocks among Wall Street analysts.

How have ARCC shares performed in 2023?

Ares Capital's stock was trading at $18.47 at the beginning of the year. Since then, ARCC stock has decreased by 3.5% and is now trading at $17.83.
View the best growth stocks for 2023 here
.

Are investors shorting Ares Capital?

Ares Capital saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 19,290,000 shares, an increase of 12.5% from the February 28th total of 17,150,000 shares. Based on an average trading volume of 3,450,000 shares, the short-interest ratio is currently 5.6 days.
View Ares Capital's Short Interest
.

When is Ares Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our ARCC earnings forecast
.

How were Ares Capital's earnings last quarter?

Ares Capital Co. (NASDAQ:ARCC) released its quarterly earnings results on Monday, October, 25th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.02. The investment management company had revenue of $442 million for the quarter, compared to analyst estimates of $431.01 million. Ares Capital had a net margin of 28.63% and a trailing twelve-month return on equity of 11.15%. During the same period in the prior year, the business earned $0.39 earnings per share.

How often does Ares Capital pay dividends? What is the dividend yield for Ares Capital?

Ares Capital declared a quarterly dividend on Tuesday, February 7th. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.48 per share on Friday, March 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.77%. The ex-dividend date is Tuesday, March 14th.
Read our dividend analysis for ARCC
.

Is Ares Capital a good dividend stock?

Ares Capital (NASDAQ:ARCC) pays an annual dividend of $1.92 per share and currently has a dividend yield of 10.95%. ARCC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 160.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ARCC will have a dividend payout ratio of 83.84% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ARCC.

What other stocks do shareholders of Ares Capital own?
What is Ares Capital's stock symbol?

Ares Capital trades on the NASDAQ under the ticker symbol "ARCC."

Who are Ares Capital's major shareholders?

Ares Capital's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Deer Park Road Corp (0.00%), Van ECK Associates Corp (1.13%), Marshall Wace LLP (0.85%), Confluence Investment Management LLC (0.89%), Enstar Group LTD (0.77%) and Legal & General Group Plc (0.72%). Insiders that own company stock include Joshua M Bloomstein, Mary Beth Henson, Michael J Arougheti, Michael J Arougheti, Michael K Parks, Michael K Parks, Michael Lewis Smith, Penelope F Roll, R Kipp Deveer, Robert L Rosen and Steven B Mckeever.
View institutional ownership trends
.

How do I buy shares of Ares Capital?

Shares of ARCC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ares Capital's stock price today?

One share of ARCC stock can currently be purchased for approximately $17.83.

How much money does Ares Capital make?

Ares Capital (NASDAQ:ARCC) has a market capitalization of $9.71 billion and generates $2.10 billion in revenue each year. The investment management company earns $600 million in net income (profit) each year or $1.20 on an earnings per share basis.

How can I contact Ares Capital?

Ares Capital's mailing address is 245 PARK AVENUE 44TH FLOOR, NEW YORK NY, 10167. The official website for the company is www.arescapitalcorp.com. The investment management company can be reached via phone at (212) 750-7300, via email at irarcc@aresmgmt.com, or via fax at 212-750-1777.

This page (NASDAQ:ARCC) was last updated on 3/28/2023 by MarketBeat.com Staff